2013-01-21
2013-01-29
x michigan

STATION
MSNBCW 23
CSPAN 14
CNNW 4
KGO (ABC) 3
KNTV (NBC) 3
CNBC 2
CSPAN2 2
SFGTV2 2
CNN 1
WGN (CW) 1
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English 68

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. we are going to take the greatest economy in the greatest country, with the greatest responsibility in the world and we are going to put them on a 0-day leash. . how does a great country respond on a 90-day leash? we know what happened the world saw this happened. we got downgraded in the credit rating. that drove up the cost of borrowing in the united states. that drove up the borrowing cost of corporations. that drove up the costs of counties and cities that we represent. and we're told again that should we falter on the credit debt of the united states, that we can expect a downgrade and we can expect a further downgrade in cities and counties all over the country. and somehow we're supposed to believe this is a good plan. what this plan does -- can i have three additional minutes? mr. mcgovern: i yield the gentleman two additional minutes. the speaker pro tempore: the gentleman is recognized for two minutes. mr. miller: what this plan does is hold the jobs of american families and working people all across this had country, it holds them hostage. it holds them hostage to the pa

economy and is going to create jobs and increase the standard of living for hard- working, middle-class americans. you know, we talk so much about mortgaging the future, mortgaging our children's future and i care deeply about that. but frankly, we are mortgaging now the future is now. and we all -- all of us here, we want to fight. we want to fight for that nurse, that carpenter, that teacher, that grand parent, that parent, that student, we want to fight for everyone across this country. and the 113th congress has been sent here i think to be do big things, the hard things, and this is the first step in that process. no budget, no pay. >> questions? >> speaker boehner, yesterday in the president's inaugural address he suggested that immigration and climate change will be top priorities for him. what do you think of his call for action on climate change, and is immigration a high priority? >> there are a lot of priorities for the congress. a lot of priorities for the president. and right now, the biggest issue is the debt that's crushing the future of our kids and grandkids. hard

, i'll tell you who is paying for it. we're paying for it, the taxpayers. what they did to the economy put it into the tank and it was big stimulus package that had to pull us out of the tank. we're still doing that right now. i wish the doj would go after these folks and give some answer. i think that frontline documentary is outstanding. mike papantonio, good to have you with us tonight. thank you so much. that is "the ed show." i'm ed schultz. the rachel maddow show starts right now. >> thank you for joining us. happy friday. the detroit lions used to play in this building, the pontiac silverdome in once prosperous pontiac, michigan. after the lions left the silverdome and the pontiac factory moved and the town of pontiac went broke, they're tried to sell the stadium to the highest bidder. >> the field has seen monster truck rallies, soccer games. if it can happen on a field, kit happen here. >> out here at the silverdome, we have anything ranging from your dirt shows, snocross shows, home and garden show, trade shows, converts all the way down to anything you would like to do on to

and gloom vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike papantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. share your thoughts with us on #edshow. we're copping right back. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. >>> welcome back to "the ed show". thanks for stay with us tonight. liberals are furious about filibuster reform. here is some reaction from my radio show. >> what harry reid has done is just outrageous

far out ahead of slashing the budget during a weak economy. the other thing, of course, is financial reform. did and he the president put in place some things along with congress that boo prevent another financial disaster? >> we'll be looking forward to your interview with paul ryan, his first interview since the election. >> first interview since the election. we'll have a lot to talk about in terms of the future of the party. >> thank you very much. >> and now to discuss the future of the republican party, haley barbour, former chair of the republican governors association joins us now from capitol hill. thank you very much. good to see you. let's talk about bobby jindahl's instructions to the republicans at the winter meeting. we can't be the stupid party. do you think that your fellow republicans have figured out a way forward where they won't be the quoting bobby jindahl "the stupid party?" >> i think he is talking about during the campaign we had a couple of candidates for senator who made stupid remarks that not only hurt them in their own races, but spilled over and hurt oth

that health care is now a huge part of our economy. accounting for almost 30% of gdp. that is to point trillion dollars. -- that is two trillion dollars. i am sure the policy students play a drinking game while watching programs like this on c-span based on how many times the word "unsustainable" is repeated. those same 2011 spending figures released earlier this month revealed that for the third year in a row aggregate spending grew by just 3.9%, the smallest increment in decades. to paraphrase ross perot's running mate in a debate many years ago, "why are we here?" at least one response to that question is we do not know if the health-care cost dragon has been slain or is just hibernating. how much of the slow increase comes from the sluggish economic recovery where people without insurance postpone care over which they don't have any kind of discretion at all, and what about the chronic conditions that continued the development of more sophisticated and expensive treatments and tasks? and for the most expensive health care program there is the fact that 10,000 baby boomers are joini

shape since the recession. given leeway to cushion the u.s. economy from federal budget cuts. here are some other stories in the news. this is from "the national council of state legislatures," which runs up what lawmakers are facing as they enter their session throughout the country. it says, -- it also looks at corrections costs. helping america become more energy dependent. and paying for transportation structure, roads, bridges, things like that. also, educating the workforce. let us take a listen to one of the governor's and what he had the say during this state of the state address. this is the governor of new york talking about new york state. >> yes it is hard to reform education. i know the politics of it. i know the problems. i know the issues. but, can you imagining how smart the state would be when we actually educate all of our children to the best of their god-given potential? when every black child and every white child and every orphan child and every other child is educated to their full potential? i know helping the state economy is hard. i know it has been decade

to note with after almost four years having passed with an economy that's been struggling, the senate never acted. it took one week in which their paychecks were on the line that now the senate is going to step up and do the right thing. we welcome them to this debate around the budget of the nation and look forward to making sure we can begin to reduce the mountain of debt that is facing our children. >> when you go across the country and talk to individuals, they're always stunned. it has been four years since the senate did a budget. when they stood back and looked the last time they did a budget, the ipad wasn't introduced or chevy volt and no instagram. it's shocking. today, you found a bipartisan vote that is asking for accountability and effectiveness in government and that's why we are moving it and we welcome the opportunity that the senate joins the debate and actually brings accountability back. >> today, the house acted. the house acted to put washington on a budget and to force a conversation about how we spend money. everyone in america understands that budgets matter. a

to not be part of that, because it is terrible for the economy and seems to be bad politics. host: white house press secretary jay carney. let's hear purcellville in broken arrow, oklahoma, republican. what is your advice to republicans for the second obama administration? caller: i love c-span and i am so glad that you have this live call-in talk show from individuals all over the world. my question is, to the republicans, i know that you heard in the inaugural speech to the word "to gather." we have to come together. together we stand as we the people. i know and hope that our president of the united states, president obama, is hearing our voices this morning being back in the white house for and other four years. i am a military mom. i want to say this to the republicans. please work with our president of the united states. he is the general in chief for all of us. is gettingely on who more. we can ask. we can write letters. we can twitter and all the settings. but we have to come together. he is the one we voted for. as we let's work together the people. that is my answer to the republican

and a weak economy, mr. obama put forth that the nation's top priority must be impose social justice. so it is quite clear that the president is willing to go down in history as a crusader for social justice, no matter what happens to the economic fabric of the country. >> you know, i think all these conservatives are forgetting about another president who transformed the country, and he is i think one of their favorites, ronald reagan. remember that guy? inherited a population deeply unhappy with the direction of the country and the economy. he established mainstream conservative government by his second inauguration, a majority of the country believed in his message. >> we ask things of government that government was not equipped to give. we yielded authority to the national government that property belonged to states or to local governments or to the people themselves. we allowed taxes and inflation to rob us of our earnings and savings, and watched the great industrial machine that had made us the most productive people on earth slow down and the number of unemployed increase. >> tim

vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike paolantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. share your thoughts with us on #edshow. we're copping right back. step 1. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. [ breathes deeply, wind blows ] [ male announcer ] halls. let the cool in. >>> welcome back to "the ed sho show". thanks for stay with us tonight. liberals are furious about filibuster reform. here is some reaction from my radio show. >> what harry reid has done is just outrageous. what else needs to be done? >> i am so angry. i feel like the president has been torpedoed, stabbed in the back, bamboozled, hoodwinked by the head of his own party. >> i expected not

doom and gloom vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike papantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. -- p.m. share your thoughts with us on #edshow. we're coming right back. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together wh

soon. because that could put us back in a recession. it would pull too much demand out of the economy. for the long-term when people say correctly, we have a serious, long-term fiscal problem, the cause of the problem is that if we don't do anything the debt will rise faster than the economy grows. and ultimately we'll have to pay so much in interest payments, we're in big trouble. but what we need to do to prevent that is to keep the debt stable. to keep it from rising faster than the economy grows. and to do that you need deficits below about 3 or maybe 2 and a half percent of the gross domestic product each year. you don't need the deficits at zero. you don't need the balance. and in fact, the difference between a small deficit to 2, 2 and a half percent of gdp, if the difference was if you shorted funding for education and highways and roads and bridges and basic scientific research, you would probably have a smaller economy in the long run, not a bigger one. because you would have starved the very kind of investments you need to fuel long-term productivity increases and growth in

or economy. the largest beneficiary would be california. we want to see what the cutting edge is. most of a still look for california. -- loomost of us still look to california. what governor brown said about the traditional politics is all about taking the thing in making it fresh. to a certain extent, i tried to be a writer in college. i failed miserably. a professor said everything has been set but not everything has been said superbly. even if it had, everything must be said freshly again and again. you have to see a fresh lead to a certain extent. the real issue with -- in terms of asking the president, what are the things that matter most, a bass part of those profits would be invested in california. colorado would have a significant -- pretty much every state in the country would benefit. you look at the companies based in silicon valley. they have offices, you want to expand your business, think about those young people in colorado. everything -- stated say the same thing. that money would get spent over the country very rapidly. >> thank you. governor brown. >> it is a good id

month. visit choosenissan.com. road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> initial estimates say the crowd at yesterday's inaugural was at least 1 million people. that's down from the 1.8 million who came out to see president obama sworn in the first time, but even so, a turnout of a million people put's obama's second inaugural at one of the biggest ever. look at that crowd. it's almost double who turned out to see george w.'s second inaugural and tops the 800,000 who saw bill clinton sworn in. before obama the previous crowd estimate record was 1.2 million who came out for lbj, lyndon johnson's inaugural back in '65. we'll be right back. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them

class voters, at a time when the economy is going through a very complicated, difficult moment when it's not clear how to get back to growth, he's thinking creatively about how to use the strength of his state to build on its weaknesseses. and i think at the national level that's what conservatives have to do. to some extempt, it's being done. i would say the policy agenda that has to come at the end of that conversation is not fully worked out by any means, but the questions are being asked. i think the direction of thinking has been helpful even in the wake of the election. if you listen to what people like marco rubio or paul ryan have been saying, it's different from what they themselves were saying six months ago, a year ago. i think the focus is turning to the right place. that doesn't mean that he'll persuade the public, but it certainly helps to ask the right question if you're looking for the right answer. >> where joe, i want to bring up something that my friend john podhoretz mentioned, and i say that carefully because reihan salam, my name has up been butchered by others, s

nonpartisan testimony that when the debt is this large in comparison to the economy, it costs the country the equivalent of about one million jobs. think about that. if washington got its debt and spending under control, one million more americans will be working today. and if that wasn't sobering enough, fitch ratings recently warned that the failure to come up with a plan for reducing our debt would likely still result in a downgrade of the u.s. credit rating. a lower credit rating is sure to mean higher interest rate. that meansigher credit card rates, higher student loans, certainly higher mortgage payments. despite these warnings, the democrat-controlled senate hasn'troduced a budget in 1,300 days, four years without a budget. how can we begin to get our debt under control when democrats won't even produce a budget this bill is the first step in forcing democrats to put forward a budget so we can start holding washington accountable for its out of control spending. every day, american families have to make decisions abtheir household finances. they have to adjust their spending to co

us that the british economy -- businesses far less able to cope with -- >> my honorable friend is absolutely right. as mrs. are complaining about the burden of regulation. not just from europe, but more generally. that is why we should be fighting in europe for more flexible europe and a europe where received regulations come off. the view of the party opposite is to sit back, do nothing, and never listen to the british people or business minds. >> order. >> you have been watching prime minister's questions from the british house of commons. western time airs live on c- span2 every wednesday at 7:00 a.m. eastern, when the house of commons is in session. and again on sunday nights. watch anytime at c-span.org. you can find video of past prime ministers questions and other british public affairs programs. next, president obama, vice president biden, the first lady and jill biden speak to donors before tomorrow's inauguration ceremony. >> a good evening,. thank you so much for joining us tonight. more than that, thank you for the kindness, friendship, and support that you have sho

but to secure equal pay for equal work, it to protect medicare for seniors and to build an economy that works for the middle class. that is exactly what we should expect from washington. i am proud to say we have a president we can count on it. president obama has taken strong stands with women and families on health care, equality, economic security. he appointed two fantastic women to the united states supreme court. he chose his biggest rival to be his biggest partner on the world stage. we are so proud of hillary clinton. president obama trusts women and women can trust president obama. we have reason to feel good about where we stand today. with the movements like the one we have built together we have reason to aim high in the years to come. last cycle we more than quintupled its the size of our community. we were using technology to open our doors to another generation of women and men where we meet up. we are reaching them where they are, helping them understand what is at stake and adding their voices to our movement. i am proud to say that emily's list is now more than 2 million mem

chase and the financial cases that almost swallowed hole the nation's economy. if she is confirmed, her new job would be to oversee some of those former clients of hers to make sure they follow the rules. she is an interesting choice, right? a highly qualified but interesting choice. if you are the kind of wall street guy who can't believe you didn't go to prison for what happened in '08? who can't believe what you guys got away with when you crashed the national economy by knowingly breaking all the rules? if you're that guy on wall street tonight and you're still behaving that way when you go to work every day, are you happy to hear that this wall street white collar defense attorney is going to be the new top cop on wall street? are you happy about that? she defended the bank of america ceo. or are you scared because the cop who put away john gotti and the blind sheik might be coming for you on wall street next? which is it? are you bummed or are you psyched? the one and only eliot spitzer joins us next. [ female announcer ] need help keeping your digestive balance? align can help. o

night. alex. >> okay. thank you so much for that. >>> let's go to the economy, more signs it's on the upswing. u.s. stock markets approaching record highs, the dow on track for its best january performance since 1989. the s & p closing above 1,500 for the first time in five years. nasdaq also closing higher. but there could be pitfalls to the good news. >> the stock market winning streak marked its fourth straight week and this week, encouraging signs on jobs and higher home prices, the government reported homes of new sales shot up in 2012. home sales up almost 14%. diana covers real estate for cnbc. >> home building definitely improved in 2012. nowhere near we need it to be. running at half the housing starts we would be in a normal year. only . >> any improvement is good news for this custom home building outside of columbus, ohio. they haven't been this busy since the housing bubble burst in 2006. >> we're very excited. last year was good, expecting this year to be great. >> reporter: the dow has finished each yoear higher than it began. it is poised to set a new record h

to a record high. the nasdaq and the s&p are soaring, as well. this amid positive signs about the economy, housing rebounding, and companies hiring. so is it too late if you want to jump into the stock market? find out what you should do if you've been on the sidelines until now. >>> and speaking of money, we'll tell you why you will have to spend a lot more of it if you are planning to serve chicken wings at your super bowl party next weekend. i hope you're sitting down for that. >> always got nachos. nachos are the go-to snack. >> yeah. that's what we would have at our house. >> or mac and cheese which we'll talk about later on. somebody's making mac and cheese today. >>> then we'll talk about -- just when the deadly flu season seems to be getting better now, a new concern nationwide. it's called the norovirus. what is it, how can you avoid it? we'll get to the bottom of the health threat. >>> notre dame speaking out about the manti te'o fake girlfriend scandal. what the school know, when it -- school knew, where it knew, and why the school didn't go public when it first learn good the

on the economy. on the economy. his speech was supposed to be uplifting. republicans feel like for them to help steer the economy in the right direction, you have to get bending under control. with democrats, when they want to push jobs, it involves more stimulus spending. the two sides clash. they have never been able to pass some bills because it included stimulus that democrats wanted to pass. republicans want to get the economy going in the right direction and reduced spending. reduced federal regulations. repeal parts of obamacare. this is what job creation is about. that is part of the reason why congress is not passed these measures is because the two sides have opposite views on what it would take to create new jobs in america. that will continue. caller: i am calling in about the abortion and gay -- ia am fr contraceptives and they read killed -- date rape pills. as far as what it says in the bible, yes, it is against it. it says judge not lest you be judged. as far as the gay people go, i do not know anybody gay but i am for the rights of the gays because there are so many out there.

to deport them, not to mention the effect it would have on our economy. the majority of them have been in our country for over ten years. but the point is that they would have to -- our plan, they would have a legal status here. but then they would have to go through a long process, get in line behind everyone who is a green cardholder, pay tax, go through a background check, in order to be eligible for a path to citizenship. and so i hope that some my colleagues in the house will look at the provisions that we have and, by the way, they would have to pay back taxes, and they would have to pay for their path to citizenship. i do not see a scenario where it would cost money. what costs money now is when people are in this country illegally, show up in the emergency room, with illness, and that bill is paid for by the taxpayers. >> i guess the argument, the other side makes, lamar smith, among others, you tried this in thereagan administration. they say it only encouraged more illegal immigrants to try to come to the united states. >> well, i think that's a good point. i was one of those

country, tammy duckworth, the economy, and every other issue. to be very specific, because of a family's list and some of you in this room, he will celebrate the 20th anniversary of family and medical leave. he enacted into law. [applause] >> than a two-year anniversary of lilly ledbetter legislation. forward if women are in the congress and committee. we will have to deal with issues like the safety of our children. thank you for making this a part of your agenda. you will have to be dealing with the issue that relates to violence against women. we need to pass that legislation. we have to deal with jobs. i want to say a personal thanks. if we did not have some many women in the congress we never would have the first woman speaker of the house. you haven't seen that the net. having strength and numbers for women leading the way are helping to change the playing field. i promise you this. it increases the level of civility in politics. we will change the environment in which politics is being conducted. we will elect many more women to public office. that is a very good thing for our c

going to hurt the economy. how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an idea. it's been around for 80 years. we may well see come about, ed, and hopefully we. we need speculators, but we don't want them to be overwhelming the market. >> all right, david cay johnston, thank you for your time on the "ed show." that is "the ed show." i'm ed schultz. thanks for joining us tonight. the rachel maddow show starts right now. good evening. >> geek, rachel. your e block in particular was stellar. i want you to meet te

something to his stewardship. >> with hindsight being 20/20 and the economy they walked in to and kept falling down the hill -- >> right. >> -- even once they get in to office and often there's instability after a new president but major instability -- >> the free fall. >> correct. they had a long way to go to hit the bottom before they could build it back up. >> i'm not sure they knew when they went in to the office. included geithner and summers and roamer. i think they were -- >> didn't do a full house inspection. like bought it sight unseen. >> and then there's mold. >> the pipes are leaking. >> bad news. a lot of maintenance to be done and interesting, geithner's taken probably more heat from the left than from the right. meaning, the administration's as a whole we know is not a favorite of the republican party and the right. but geithner has been a real bugaboo from the left of a perception of a creature of an industry survived and tloohrive and the rest stagnated. i take the view that the economic system, the financial system has a lot of faults and utility and if the lights go

sign for the economy. and i'm sure you've seen the frenzy over subway's one-inch short controversy. sandwich lovers aren't too happy. and some filed class action lawsuits claiming the footlong is only 11 inches long. the suit says customers are owed a refund for the portion of the sandwich that they've not been receiving. subway has declined to comment on the lawsuit. a spokesman said the restaurant chain has redoubled the efforts to ensure consistency in every sandwich we have. >>> straight ahead, a super size controversy surrounding the super bowl's superdome. >>> plus, what is this, is it a bird, a plane, a man? we'll tell you. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial

, i'm not sure that this is just some weakening of the military system. the economy is on the brink. now we may be going to this different type of military. i am not sure if there is an underlying purpose for this. i do not think -- they do great, there are great roles for women in the military, but i do not think this will work. host: thank you for the call. on our facebook page -- from our twitter page, there is this -- one more call on this topic, and then we will turn our attention to the senate yesterday -- dorothy from baltimore, good morning. caller: i am glad i am a woman on your expressing my views. women should not be in infantry. absolutely not. host: why? caller: we are not built for that. men and women action not be in close contact like that. it will not work. it simply will not work. it is in our nature. manpower -- men are attracted to women. that is a fact that cannot be in -- ignored. we're not physically build to do that. we can do things, i am not trying to down women. we are not meant. -=- -- men. host: the pentagon of lifting the ban on women to serve on the fr

,000 for december. if that number is accurate, it would be a very good sign for the economy. and i'm sure you've seen the frenzy over subway's one-inch short controversy. sandwich lovers aren't too happy. and some filed class action lawsuits claiming the footlong is only 11 inches long. even the six inch sub doesn't measure up too. the suit says customers are owed a refund for the portion of the sandwich that they've not been receiving. subway has declined to comment on the lawsuit. a spokesman said the restaurant chain has redoubled efforts to ensure consistency in every sandwich we have. >>> straight ahead, a super size controversy surroundg the super bowl's superdome. >>> plus, what is this, is it a bird, a plane, a man? we'll tell you. you're watching "early today." >>> we have some fresh video out of south africa. wrestlers are trying to capture 1,000 crocodiles. rising floodwaters across the region forced the farm's owners to open their gates and free the c om crocs. fire broke out at a multifamily home in eastern massachusetts yesterday afternoon. firefighters from several companies he

the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d bs didn't work at all. during, look, i have a wig n on my chest because i'm a nerd. i love this stuff. this is terrific. so, in 1862, to finance the civil war, we came up with what was called the green back. and that was the first time we really had the dollar. so it doesn't really -- how can each state have a currency? the one good thing about it would be states can't print money. and thomas jefferson, the virginian said if there were anything he could add to the constitution it would be to take away the borrowing ability

on the economy now and in the future. >> rick: molly hen burneberhenn. >> reporter: and, two of the most powerful regulation posts, the president has two choices and peter doocy has the story from washington. >> reporter: this week, president obama's nominee to become the next secretary of state, senator john kerry was received very well. his confirmation hearing by democrats and republicans. >> i commend his nomination to you without resignation. >> he'll be a terrific bridge from the hill to the administration. >> reporter: his support in the senate is not expected to d is likely re the expected to become the next secretary of state. but, handicapping the odds for confirmation of president obama's other nominees for important positions, is tricky. like richard cordray for the director of the consumer financial protection bureau. >> president barack obama: after they refused to give him a vote, i took action to appoint him on my own. >> reporter: the president renominated him this week and senator mike crapo, one of 45 republican senators to opposed his nomination last year and, the senator said

it will be on the really important issues to the american public like how do we create jobs, get the economy running again? very importantly, how rain in the long-term debt? that would require a lot of concessions by democrats on entitlement programs. i think the president coming off of the fiscal cliff debate, the republicans, that was their golden moment to extract concessions from the democrats, specifically on social security. i think he would agree with me the end of the negotiations, the trade between the republicans and democrats was to do an increase in the debt ceiling, in exchange for cutbacks in so security cost-of-living adjustments. john boehner and republicans decided they want to have an argument over the debt ceiling, because of the new year we will be better positioned. they quickly have realized that is not going to be the lever they thought it would be. host: you have covered three presidents, clinton, bush, and now president obama. people say the political divide between these branches is stronger now than it has been in years. you agree or disagree? guest: i absolutely agree. host: wh

, immigration reform and gun control. you know, everything but deficit, debt, spending and the america's economy. jobs and the economy was passed by rather quickly. we're in an economic recovery. that was about it. so, yeah, i think congressman ryan called it right. the president's agenda at least from the state of the union address was overwhelmingly liberal and not connected at all to deficit, debt, spending and america's economy and jobs. this is a legitimate disagreement between the two parties and legitimate disagreement between his president and the republican opponents on what the priorities ought to be but it is pretty clear what the president's priorities were. jon: this president racked up a lot of debt in first four years in office and got reelected. maybe he is assuming that the american people are fine with going the way it has been going? >> well i think, he talked about cutting the deficit during the campaign, promised that he would cap $2.50 in spending cuts for every dollar of revenue increase. elections, second elections, reelections for presidents are liberating experiences. m

. republicans support the bill and say it will help the state economy, and also send a message to the federal government, but democrats worry it could be unconstitutional and result in a lawsuit, like it has in other states, with similar laws. michigan's gop governor rick snyder told them they should focus on the economy and mental health issues instead. joining me from lansing, michigan, republican senator mick jones, welcome. >> good morning. >> good morning and thank you for being here. no federal gun laws have even been passed so pardon the pun, aren't you kind of jumping the gun? >> not really. you know, there's much talk about blocking all semiautomatic guns and michigan has a rich hunting heritage, we hunt deer with semiautomatic rifles, we hunt ducks, rabbits and turkeys with semiautomatic shotguns and we believe -- >> ar-15 s though? come on. >> ar-15 hunt things like coyotes. >> but they're not normally used. >> you know, many people use them to defend their selves, their homes and you know as a former sheriff, as a police officer for 31 years, i can tell you that guns are not evil

economy, through hard work, brilliance, dedication and advocacy. >> megyn: well, that was then speaker pelosi back in 2010 picking up the cutting edge technology at a u.s. battery maker that ended up getting a lot of support from american taxpayers, and you can hear she files optimistic about it and now the company declared bankruptcy and now we're hearing a sale to a chinese company with deep ties. >> and a-123 makes electric car batteries and 249 of surplus money in 2009. the reason they filed for bankruptcy was slow sales of electric cars and two, the batteries did not perform as expected. while the batteries themselves have issues, the battery technology used by a 123 is golden. initially by the jet propulsion lab. the technology will play a role in other things like how electricity is generated and distributed in our grids nationwide, and can also be used for powering satellites and military drones. now a chinese company is in the process of a-123. and headed by a billionaire with close ties to the chinese party. and president obama just spoke about keeping advanced technology in

ago before the economy went down. the vast majority, a staggering, 80%, come from mexico and latin america. in 2012 last year more than half of all those facing deportation were convicted criminals. four minutes past. martha: this is awful story this weekend. this it horrific scene in brazil. a fire ripped through a crowded nightclub killing more than 230 people is the latest count on this. hundreds of people were hurt in addition to that. this is amateur video from inside the club. witnesses decribed a panicked rush for the exits. some of them confusing. one exit which turned out to be an bathroom for an exit to the building. it is awful, awful story sadly we've seen in this country before. steve harrigan joins us in our miami bureau with more on this good morning he have too. what do they think happened here? >> reporter: martha, a number of factors went wrong in this tragedy, some of the same factors we've seen in similar incidents over the past few years. this was a small brazilian nightclub build to hold 1,000 people but more than 2,000 people were jammed in there. the nightcl

're concerned about their economy, but iran is definitely up there front and center, and the meeting between the u.n. nuclear watch dog and iran has been pushed back by a day. it will be on february 13th, perhaps another stall tactic. will netanyahu become more aggressive toward iran and could we expect to see more unilateral decisions with respect to iran? >> i believe prime minister netanyahu is dedicated and committed to stopping iran from acquiring a nuclear weapon. and time indeed is running out. we believe that by the summer it may be too late. so what we're looking at is actually the spring, maybe, june at the latest, when a decision will have to be made. we still hope that the diplomacy will play its role. we still hope that sanctions will work. but if they don't, i believe that prime minister netanyahu will make sure and will keep his word that he will not allow iran to become nuclear. he will not be willing to be the prime minister during the second holocaust of israel. he is very committed to that. but in order to do that he would need a very strong coalition, very, very strong re

country and the world. we're not going to be able to cope with an economy that's m manic and overspending if we can't focus and get our feet on the ground. the and these are-- >> we say outrage, doc, but it seems like it's not as much as people were outraged by this, they enjoy taking the social media and talking, making fun of manti te'o. does it give other people some semblancy of normalcy to say this guy, a big star, he failed. my life doesn't look so bad. >> well, i think it's that, clayton, i do. i think that there is this voyeurism and a desire to say, his life is so, so bad and difficult and inexplicable. but what that mistakes, is that we ought to look in the mirror and say, wait a second, if i've got a twitter account and i think i merit followers, that's also a bit dilutional, isn't it. if i'm calling friends in the hundreds or thousands, because i say i've got a facebook account with a thousand friend, isn't that a close cousin or a distant cousin of manti te'o. we're in danger of this, manti te'o could have said i don't care if she ever existed. i loved her, grieved her death

of the economy of iran, and the iranian currency is in free fall. they're feeling a lot of pressure but we don't know a lot about khomeini and how he sees the world. this was a line meant to reach him specifically and i think that is -- this is part of moving to what "the new york times" talked about before, which is the probability of bilateral negotiations between iran and the united states. >> well, you know, richard, here in the politics of america, you're overseas in the risky areas and i'll talk to you about that later, but it seems to me the people heard the same message on both sides of the american argument. i noticed today the qukly standard. bill cross toll and i found the same line of the president's speech the most memorable about turning enemies in friends. two points, first our forbearers were only able to win the peace because they first crushed our enemies in war. but under president obama we're not committed to winning our wars we're committed to ending them. does obama really think we're going to win the peace after not winning the war? the formulation obama chose and not ju

and our financial system from the kind of abuse that nearly brought the economy to its knees. today, there are rules to help families. responsible families. buy a home. or send their child to college without worrying about being tricked out of their life savings. there are rules to make sure that financial firms doing the right things aren't undermined by those that don't do the right things and there are rules to end taxpayer funded bailouts once and for all. we also need cops on the beat to enforce the law. and that's why today i am nominating maryjo white to lead the securities and exchange commission and richard corduray to lead the financial protection bureau. this guy's bothering me. as a young girl, maryjo white was a big fan of the hardy boys. i was, too, by the way. >> good, good. >> as an adult, she's built a career they could only dream of. as a u.s. attorney in new york, she helped prosecute criminals and money launders. in the early 1990s, she brought down john gotti. and she brought to justice the terrorists responsible for bombing the world trade center and the americ

. as always, david, thanks. >>> we're going to turn now to economy and the stock market on quite a roll. last night here, we reported on american baby boomers finally seeing a recovery in their 401(k)s. the dow closing near 13,896. nearing that psychological barrier of 14,000. and approaching the all-time high from 2007, before the recession. but, even as the dow makes this rebound, why is an american giant apple not benefitting? tonight, many questioning whether the loss of steve jobs has hurt the company for good? here's "good morning america" weekend anchor bianna golodryga tonight. >> it's what you wanted, it's what your gut, instincts wanted. >> reporter: in the new biopic, "jobs," ashton kutcher playing the role of steve jobs -- talking about instinct. knowing what the average american consumer needs and wants before they even know it. it's what helped jobs -- long after ascending to the top of his industry -- stay far ahead of the pack. but this week, a huge bit out of the once mighty apple. after soaring to a record stock price just four months ago, the tech giant has plunged nearly 4

discussed the nation's economy. he accused obama of not understanding the seriousness of the economic standing coming up next. deadly riots in egypt promt government officals to introduce emergency measures. there are new developments in the case of beauty queen jon benet ramsey more than 13 years after her mysterious death. there are new developments in the case of beauty queen jon benet ramsey more than 13 years after her mysterious death. and, new trouble for casey anthony. we'll tell you why she's back in court. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, nervous system and blood disorders, and allergic reactions

'll be right back with more news. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> mr. president. >> mr. president. how are you doing? hey, mr. president. mrs. obama. i don't know if they see me. >> i don't think they saw me. maybe they did. i don't know. >> there were a lot of people. >> they were standing there. we stood up. there you were. you were down on the other side. >> i was down on the rolling flatbed truck with the rest of the media watching you and saying i thought i was making a ham out of myself. >> he wasn't saying anything to us at all. >> it goes to show you we'll stop at nothing, wolf, to get the story. >> exactly what wolf was thinking. >> it was great. >> historic day. a presidential inaugural is a highly, ly coreographed and well planned event. >> it is. >> reporter: it was a day that got off with a bang. not that bang, the bangs on michelle obama. >> and the bangs. let's not forget the bangs. >> reporter: it was also a day of odd couples. beyonce and jay-z rubbing shoulders with newt gingrich and

and regulation constitutes ethnic collapse. it says to improve the economy, we need to adapt. free-market policies. it's about 50 minutes. [applause] ..

is gun control, the economy, health care overhaul. >> and foreign policy is always an issue. so you have the arab spring. most people think that that could be ushering a lot of democracy into the middle east, but we don't know. there's still a lot of tension there. that's going to be an issue for him, as well. >> the plate is full. so enjoy the party today, because the work starts tomorrow. in fact, some republicans are having a little retreat in vegas right now to get out of d.c. so hopefully the partisanship eases a little bit. >> about 100 of them have departed. >> never dull. >>> also some other news this morning, we want to wish our friend and colleague barbara walters a speedy recovery. she was hospitalized saturday after a minor fall in washington. barbara, who is now 83 years old, fell on the stairs at the british ambassador's residence and cut her forehead. she is alert and telling everyone what to do, which is a good sign. she's in the hospital for tests and for some observation. and will not be unfortunately part of abc's inaugural coverage today. >>> investigators ruled out e

their 2006 peak. so we've got room here. however, if the economy falls through the floor again, listen, there's nothing you can do. rail cars get hammered, they are very cyclical. secondly, we know the real bull market is in tank cars, which comprised 70% of the rail car industry backlogs. isn't that amazing? it's huge. even better, tank cars are higher margin propositions. and the long backlog means the pricing for these tanks are going to go higher. there are four main players in the business. trinity, greenbeyer and american rail car. we don't want just any rail cars, we want tank cars. and the two names with the most exposure are american rail car, which is symbol arii and trinity industries, i used to talk about that a lot in the old days, trn. if you're looking for a way to play the space, these are the two you've got to go with. american rail car is a pure play on this business, one that gets 20% of the sales from tank cars, i think the most leverage to the bull market and as well as the upside and a 2.8% yield. trinity on the other hand is the broadest supplier out there. it also happ

at the same time. we have to deal with our own economy and our fiscal situation, that is a given, because that is the source of our strength and our capacity. but we also have to be smart about making the right investments in diplomacy and development to try to solve problems and prevent them. so, you know, i have outlined what should be a no-brainer, let us have the permission to take money we already have, we are not asking for more money and put it to work where the arb told us to do, and then let's look at the budget as we move forward. now se sequestration will be very damaging to the state department, and usaid if it does come to pass, because it throws the baby out with the bath. are there programs that we could reduce, make more efficient? yes, that is part of what i've been trying to do is to push that forward, and that's what the qddr process was about. but there are also a lot of very essential programs first an secr personnel in dangerous places that we can't afford to cut more of. and so i hope we get the transfer authority and then have a sensible budget discussion

more political freedom, human rights, better economy, jobs. remarkably hosni mubarak was ousted, victor, two years later many of these people behind us and throughout egypt not happy. they're protesting the current government now and the current president, muhammad morsi. >> we have seen the protests over the two years, especially when muhammad morsi made the power grab as many would call it at the end of 2012. what are these protesters demanding today? >> reporter: well, these are the secularists, the moderates, the liberals who feel they have been squeezed out of the political process. they're concerned about their rights moving forward. we spoke to one of the protesters. here's what she had to say. >> everybody's protesting. what did we get since two years? we got nothing. nothing achieved. >> reporter: the president says be patient. this is part of the process. >> we need a sign, a small thing. >> reporter: you don't think he's given you a sign? >> look at the constitution. look at the constitution. is this a constitution for all egyptians? >> reporter: he says people voted on it. >

. we want to see tax reform to expand the economy and go further. this is a succession. that will go into effect. then you have a cr that will go at the end of the month. that is another movement and an opportunity. >> gretchen: all right. congressman kevin mccarthy, nominate you for football coach potentially with your standing ovation. thanks for your time today. >> thanks for having me. >> gretchen: one of the most insane videos you're going to see all day long. (scream) >> gretchen: plane nearly taking out that biker. you might ask yourself what is the biker doing on the tarmac? the whole thing caught on camera. luke perry is back on the rodeo. can he deliver classic lines like this? stick around. >> seeing this world and there is two kinds of people, my friend. those are load guns and those who ♪ just one bite opens a world of delight... ♪ ♪ a flavor paradise of delicious fishes ♪ ♪ friskies seafood sensations. ♪ feed the senses. it'but sleep train's huge foryeais ending soon.models for a short time, save hundreds on tempur-pedic mattresses. get the most highly-recom

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